What’s Ahead for Capstone Turbine Corporation (NASDAQ:CPST) After Less Shorted Shares?

September 17, 2017 - By Ellis Scott

 What’s Ahead for Capstone Turbine Corporation (NASDAQ:CPST) After Less Shorted Shares?

The stock of Capstone Turbine Corporation (NASDAQ:CPST) registered a decrease of 11.8% in short interest. CPST’s total short interest was 3.66 million shares in September as published by FINRA. Its down 11.8% from 4.15 million shares, reported previously. With 95,500 shares average volume, it will take short sellers 38 days to cover their CPST’s short positions. The short interest to Capstone Turbine Corporation’s float is 10.43%.

The stock decreased 0.76% or $0.005 on September 15, reaching $0.59. About 258,209 shares traded or 52.24% up from the average. Capstone Turbine Corporation (NASDAQ:CPST) has declined 54.23% since September 17, 2016 and is downtrending. It has underperformed by 70.93% the S&P500.

Capstone Turbine Corporation develops, makes, markets and services microturbine technology solutions for use in stationary distributed power generation applications, including cogeneration (combined heat and power), integrated combined heat and power (ICHP), and combined cooling, heat and power (CCHP), renewable energy, natural resources and critical power supply. The company has market cap of $25.16 million. The Company’s microturbines are used as battery charging generators for hybrid electric vehicle applications. It currently has negative earnings. Capstone offers micro turbines for commercial, industrial and utility users with product offerings ranging from 30 kilowatts (kW) to 1 megawatt in electric power output.

Capstone Turbine Corporation (NASDAQ:CPST) Ratings Coverage

Among 6 analysts covering Capstone Turbine Corporation (NASDAQ:CPST), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Capstone Turbine Corporation had 16 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Capstone Turbine Corporation (NASDAQ:CPST) has “Hold” rating given on Wednesday, August 9 by Oppenheimer. The company was maintained on Tuesday, July 18 by H.C. Wainwright. On Thursday, March 24 the stock rating was maintained by Rodman & Renshaw with “Buy”. The rating was maintained by Roth Capital on Thursday, August 10 with “Hold”. As per Wednesday, June 14, the company rating was maintained by Oppenheimer. The firm earned “Buy” rating on Tuesday, September 22 by H.C. Wainwright. The rating was maintained by H.C. Wainwright on Wednesday, June 14 with “Buy”. H.C. Wainwright maintained it with “Buy” rating and $200 target in Thursday, August 10 report. As per Tuesday, September 22, the company rating was initiated by Rodman & Renshaw. The stock of Capstone Turbine Corporation (NASDAQ:CPST) earned “Perform” rating by Oppenheimer on Tuesday, November 17.

More notable recent Capstone Turbine Corporation (NASDAQ:CPST) news were published by: Prnewswire.com which released: “SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Capstone …” on September 05, 2017, also Seekingalpha.com with their article: “Capstone Turbine Serves A Double Whammy To Investors” published on October 19, 2016, Globenewswire.com published: “Capstone Turbine to Present at the 19th Annual Rodman & Renshaw Global …” on September 08, 2017. More interesting news about Capstone Turbine Corporation (NASDAQ:CPST) were released by: Fool.com and their article: “Is Capstone Turbine in deep trouble? Or is the market overreacting?” published on September 24, 2014 as well as Globenewswire.com‘s news article titled: “Capstone Turbine Corporation Executes $12 Million Revolving Credit Facility …” with publication date: June 06, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.